DeFi Development Corp. Acquires 86,307 SOL

Rhea-AI Summary

DeFi Development Corp (Nasdaq: DFDV) acquired 86,307 SOL at an average price of $110.91 per SOL on Oct 16, 2025, increasing its SOL position by 4.7%.

The company's aggregate holdings are 2,195,926 SOL, valued at approximately $426 million. Reported shares outstanding are 28,888,178, giving SOL per share (SPS) of 0.0760 (SPS USD: $14.67). The company plans to hold the new SOL long term and stake across validators, including its own, to generate native yield.

The release notes 2,978,578 warrants remain unexercised; fully including those warrants would raise the adjusted share count to ~31.9 million, and management expects SPS not to fall below 0.0675 after full warrant impact.

Positive

• Treasury increased by 86,307 SOL (+4.7%)
• Aggregate holdings 2,195,926 SOL (~$426M)
• SPS 0.0760 (USD: $14.67) after acquisition
• Acquired SOL will be staked to generate native yield

Negative

• Potential dilution to ~31.9M shares if warrants exercised (~10.5% increase)
• 2,978,578 outstanding warrants could reduce SPS upon exercise

BOCA RATON, FL, Oct. 16, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the acquisition of 86,307 SOL at an average price of $110.91 per SOL. This purchase represents a 4.7% increase, bringing DeFi Dev Corp.’s aggregate SOL and SOL-equivalent position to 2,195,926 SOL, valued at approximately $426 million.

Below is a summary of DeFi Dev Corp.’s current SOL position and key per-share metrics as of October 15, 2025:

• Total SOL & SOL Equivalents Held: 2,195,926, representing a 4.7% increase from our prior acquisition
• Total SOL & SOL Equivalents Held (USD): Approximately $426 million
• Total Shares Outstanding: 28,888,178
• SOL per Share (“SPS”): 0.0760
• SPS (USD): $14.67

The newly acquired SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield.

Note on Share Count and SPS: The reported share count reflects only issued and outstanding shares as of today. The figure includes 2,803,058 pre-funded warrants that have been exercised, with a remaining 2,978,578 warrants to be exercised. Including all warrants from that transaction, the adjusted share count would be approximately 31.9 million. SPS will fully reflect this in future updates, alongside the deployment of the remaining cash proceeds from the equity financing into additional SOL purchases. Based on current expectations, the Company does not anticipate SPS falling below the pre-financing level of 0.0675, even after full warrant impact — reinforcing continued SPS growth.

About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (“DeFi”) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related to the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
ir@defidevcorp.com

Media Contact:
press@defidevcorp.com

FAQ

What did DeFi Development Corp (DFDV) acquire on October 16, 2025?

DFDV acquired 86,307 SOL at an average price of $110.91 per SOL on Oct 16, 2025.

How many SOL does DFDV hold after the October 16, 2025 purchase?

After the purchase DFDV holds 2,195,926 SOL, valued at about $426 million.

What is SOL per share (SPS) for DFDV as of October 15, 2025?

Reported SPS is 0.0760, corresponding to $14.67 per share in SOL value.

Will DFDV stake the newly acquired SOL and where?

Yes; the newly acquired SOL will be held long term and staked to multiple validators, including DFDV's own.

How many warrants remain outstanding that could dilute DFDV shareholders?

There are 2,978,578 remaining warrants; full exercise would raise adjusted shares to ~31.9M.

Does DFDV expect SPS to decline below pre-financing levels after full warrant impact?

The company states it does not anticipate SPS falling below 0.0675 even after full warrant impact.